Bitcoin (BTC) whales may be planning to sell at short notice as BTC price action struggles around $47,000. In its daily QuickTake market updates on Dec. 5, on-chain analytics firm CryptoQuant warned that large volume movements on exchanges were increasing again. Data points to whales increasingly eager to sell Highlighting its exchange whale ratio metric,
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Cadalabs protocol has been making waves in the crypto community since its inception on the Cardano network. Cadalabs protocol has a team of highly specialized and skilled developers who are always keen on the growth of the Cadalabs Ecosystem. Cadalabs is proud to the general public that it has successfully launched Cada Infinity which is
According to a report published by Grayscale Investments on Monday, more than one-quarter of US investors surveyed (26%) said they already own Bitcoin (BTC). Out of this group of owners, 46% and 44% also jointly held Ethereum (ETH) and Dogecoin (DOGE) in their accounts, respectively. An additional three-quarters of participants (77%) said they would likely
Bitcoin (BTC) may spend “months” ranging between recent $42,000 lows and $53,000 and cause panic in the process, popular analysts warned on Dec. 6. Discussing the BTC price outlook on Twitter, Scott Melker, known as the Wolf of All Streets, said that ranging behavior could last well into 2022. Bitcoin price bottoms could sink still
The gold standard was shrugged off by the United States a long time ago. However, the precious metal has remained a primary hedge, not just for personal investors, but also for sovereign funds. While the United States dollar has acted as an exchange standard for most countries since, a depreciation in its value due to
On 7 September, Bitcoin dropped by 11%. On 20 September, it declined by close to 9% yet again. However, the panic surrounding yesterday’s 8.30% drop has been far greater. The key difference between all these corrections is that on 3 December, the correction wick was close to 22%. It was the largest correction wick since
Bitcoin (BTC) rebounded to near $50,000 on Dec. 5 as traders continued to take stock of recent events. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView followed a less volatile BTC/USD as it rose to $49,777 on Bitstamp before consolidating. Fresh off a crash to $41,900 early Saturday, the pair
The cryptocurrency industry in the U.S is reeling under intense regulatory scrutiny and uncertainty. Market participants have been waiting with bated breaths for financial authorities to release a regulatory framework. To that objective, Bahamian-based cryptocurrency exchange FTX released a list of principles and proposals to help policymakers build the regulatory framework. The timing “FTX’s Key
Bitcoin (BTC) has suddenly fallen below $47,000 on Dec. 4, losing nearly 20% in the past 24 hours. This makes this the biggest one-day drop since May 15, when Bitcoin price momentarily came down to nearly $33,000. The market price of BTC fell down 26.4% from week-long support of $57,206 to go down to $42,268
Bitcoin (BTC) traded near $47,000 on Dec. 4 after a sudden crash confirmed bulls’ worst nightmares with 22% daily losses. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Crypto liquidations pass $2.5 billion Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $41,960 on Bitstamp — its lowest since Sep. 30. As panic
The whole financial landscape is in a turmoil at the moment. Right from the bourses to the crypto market, there are only red figures and candles flashing everywhere. Nonetheless, as always, a couple of exceptions did manage to crop up and stand out. As far as the U.S traditional market is concerned, stocks like NLSN
Bitcoin (BTC) was created in the aftermath of the 2008 financial crisis and planned to solve the problems created by loose monetary policies. The cryptocurrency’s creator, Satoshi Nakamoto, said in late 2008 that the cryptocurrency’s supply increases “by a planned amount” that “does not necessarily result in inflation.” The cryptocurrency’s inflation rate has been fixed
Crypto advertising on social media has been a hot topic throughout the year. We’ve covered much of the back and forth both at Bitcoinist and over at our sister network NewsBTC over the years. A prime example of this occurred in recent months Google shifted their cryptocurrency ad policy, in what seemed to show a
Billionaire entrepreneur Michael Saylor is known for his bombastic metaphors and high ambitions where Bitcoin is concerned. During an episode of the What Bitcoin Did podcast, Saylor spoke to host Peter McCormack to explain why he viewed Bitcoin as a form of energy. Show some energy, folks Saylor spent quite some time exploring different forms
Bitcoin’s (BTC) downtrend extended a few rungs lower on Dec. 3 after the price dropped under $54,000 and traders will note that the BTC/USD daily chart shows a notable uptick in sell volume. Crypto Fear & Greed Index. Source: Alternative Investors seem concerned at the emergence of a new Covid-19 variant and hawkish comments from
The United States Securities and Exchange Commission, or SEC, has officially disapproved asset manager WisdomTree’s spot Bitcoin (BTC) exchange-traded fund (ETF) after deferring on a decision several times this year. According to a Wednesday filing, the SEC rejected a proposed rule change from the Cboe BZX Exchange to list and trade shares of WisdomTree’s Bitcoin Trust.
